Hallador Energy (NASDAQ:HNRG) Trading 7% Higher – What’s Next?

Hallador Energy (NASDAQ:HNRG)’s share price traded up 7% during trading on Thursday . The company traded as high as $12.11 and last traded at $12.10. 176,820 shares were traded during trading, a decline of 60% from the average session volume of 442,170 shares. The stock had previously closed at $11.31.

Analyst Ratings Changes

HNRG has been the subject of several recent analyst reports. B. Riley raised their target price on shares of Hallador Energy from $9.00 to $13.00 and gave the company a “buy” rating in a research note on Wednesday, November 13th. Alliance Global Partners assumed coverage on shares of Hallador Energy in a research report on Monday, December 9th. They set a “buy” rating and a $17.00 price objective for the company.

Hallador Energy Stock Performance

The stock has a 50 day moving average of $11.53 and a 200 day moving average of $9.96. The company has a quick ratio of 0.17, a current ratio of 0.58 and a debt-to-equity ratio of 0.16. The company has a market capitalization of $519.32 million, a price-to-earnings ratio of -22.02 and a beta of 0.66.

Insider Activity

In other news, Director David C. Hardie sold 18,775 shares of the company’s stock in a transaction on Monday, December 9th. The stock was sold at an average price of $13.02, for a total transaction of $244,450.50. Following the transaction, the director now owns 2,022,713 shares of the company’s stock, valued at $26,335,723.26. This represents a 0.92 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 32.30% of the company’s stock.

Institutional Trading of Hallador Energy

A number of institutional investors have recently added to or reduced their stakes in the stock. CWM LLC raised its stake in shares of Hallador Energy by 154.4% during the third quarter. CWM LLC now owns 8,227 shares of the energy company’s stock worth $78,000 after acquiring an additional 4,993 shares in the last quarter. Legal & General Group Plc lifted its stake in Hallador Energy by 23.5% in the fourth quarter. Legal & General Group Plc now owns 7,539 shares of the energy company’s stock worth $86,000 after acquiring an additional 1,435 shares during the period. Quantinno Capital Management LP bought a new stake in shares of Hallador Energy during the 3rd quarter valued at about $96,000. Exchange Traded Concepts LLC raised its stake in Hallador Energy by 66.4% in the third quarter. Exchange Traded Concepts LLC now owns 10,357 shares of the energy company’s stock worth $98,000 after buying an additional 4,132 shares in the last quarter. Finally, SG Americas Securities LLC bought a new position in Hallador Energy in the third quarter worth about $100,000. Hedge funds and other institutional investors own 61.38% of the company’s stock.

About Hallador Energy

Hallador Energy Company, through its subsidiaries, engages in the production of steam coal in the State of Indiana for the electric power generation industry. The company owns the Oaktown Mine 1 and Oaktown Mine 2 underground mines in Oaktown; Freelandville Center Pit surface mine in Freelandville; and Prosperity Surface mine in Petersburg, Indiana.